Gray Television (NYSE:GTN.A) Shares Gap Up – Here’s What Happened

Gray Television, Inc. (NYSE:GTN.A) shares gapped up before the market opened on Wednesday . The stock had previously closed at $7.10, but opened at $7.58. Gray Television shares last traded at $7.51, with a volume of 623 shares traded.

Gray Television Trading Up 3.8 %

The company’s fifty day moving average is $7.05 and its two-hundred day moving average is $7.65. The stock has a market cap of $734.55 million, a price-to-earnings ratio of 4.91 and a beta of 1.21. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.76.

Gray Television (NYSE:GTN.A) last released its quarterly earnings data on Friday, November 8th. The company reported $0.86 earnings per share for the quarter. Gray Television had a net margin of 5.69% and a return on equity of 9.60%. The company had revenue of $950.00 million for the quarter.

Gray Television Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.08 per share. The ex-dividend date was Friday, December 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.34%. Gray Television’s dividend payout ratio (DPR) is presently 21.33%.

Gray Television Company Profile

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.